Ethereum and Bitcoin payment provider Plutus announces crowd sale

Plutus, the mobile payments app that combines Bitcoin and Ethereum, is to hold a crowd sale of its Pluton tokens. The startup has also released a white paper and welcomed some executive talent to the team formerly of PayPal, Visa and Morgan Stanley.

The Plutus white paper states: “Plutus Mobile Application enables a user to make contactless Bitcoin payments at any merchant with a Near Field Communication (NFC) enabled checkout terminal […] Ethereum allows Plutus to deploy smart contracts to enable secure, peer-to-peer (P2P) exchange of fiat currency and Bitcoin, with the added benefit of automatic escrow. Using these methods, the Plutus Decentralized Exchange Network (PlutusDEX) of traders convert Bitcoin deposits into a prepaid debit balance that is valid at any contactless point-of-sale (POS) terminal.”

A blog post about the crowd sale said: “Plutons are digital tokens issued to users on the Ethereum blockchain. Plutons can be distantly compared with cashback points or frequent flier miles programs.

“Plutons are prioritised in the Plutus app and allow users to instantly convert their value to Tap Pay balance for everyday purchases. Only 850,000 Pluton will be available for sale, which represents 4.25%

Read more ... source: TheBitcoinNews